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27 Aug 2013
AUD/USD off lows but still vulnerable
FXstreet.com (Córdoba) - The AUD/USD fell sharply on Tuesday as escalating tensions in Syria weighed on risky currencies in benefit of the USD and the JPY.
AUD/USD is among the worst performers, having broken below the 0.8950 support level once again to retest last week’s low at the 0.8930 zone. However, the pair has managed to take a breather and recovered some ground to presently trade around 0.8955, where it is 0.8% below its opening price.
AUD/USD technical levels
In terms of technical levels, a break below 0.8930 would pave the way towards 0.8900 (psychological level) and then 0.8847 (2013 low Aug 5). On the flip side, resistances could be found at 0.9045 (20-day SMA) and 0.9060 (10-day SMA).
AUD/USD is among the worst performers, having broken below the 0.8950 support level once again to retest last week’s low at the 0.8930 zone. However, the pair has managed to take a breather and recovered some ground to presently trade around 0.8955, where it is 0.8% below its opening price.
AUD/USD technical levels
In terms of technical levels, a break below 0.8930 would pave the way towards 0.8900 (psychological level) and then 0.8847 (2013 low Aug 5). On the flip side, resistances could be found at 0.9045 (20-day SMA) and 0.9060 (10-day SMA).